In an exchange statement on 25 October, Ola Electric Mobility stated that the board had authorised funding up to INR 1,500 crore through the issuance of securities. A plan to raise money through the issuance of shares or convertible securities, including warrants, through rights issues, qualified institutional placements, private
According to officials, starting in December, green taxes would be collected from cars travelling from other states to Uttarakhand. Officials say the decision is intended to keep the state clean, safeguard the environment, and limit pollution. This tax will start to be collected in December. ANPR Cameras to Act as
In a pre-IPO (initial public offering) funding round, billionaire investor Radhakishan Damani, the creator of Avenue Supermarts (DMart), spent approximately INR 90 crore in eyewear retailer Lenskart Solutions, according to a report by ET. The investment is made in advance of Lenskart's IPO, which is anticipated to go
As it ramps up production of Apple AirPods, Foxconn Interconnect Technology (FIT), Hyderabad, a fully owned subsidiary of Taiwanese contract maker Foxconn, plans to increase its workforce and production lines over the course of the next six to eight months, as reported by ET. In April, the Kongara Kalan factory
The Economic Times reported that Google, a prominent US tech company, has leased over 617,000 square feet of office space at Atrium Place in Gurugram, one of the biggest office space agreements of 2025. The building, which was created in collaboration with DLF and Hines, represents Google's
On October 25, Reliance Industries declared that Reliance Intelligence Limited, its wholly owned subsidiary, has formed a new business, Reliance Enterprise Intelligence Limited (REIL), as part of a joint venture with Facebook's Indian division. The unit, which will concentrate on creating, promoting, and disseminating enterprise AI services, has
The Washington Post reported on 25 October that Indian officials allegedly droughted and approved a plan in May to redirect approximately $3.9 billion in investments from the state-owned insurer to Adani Group enterprises. The Life Insurance Corporation of India (LIC) refuted the claims. The claims were deemed "false&
After doubling in price so far in 2025, the yellow asset fell hard in just a few days. As a gold investor, should you sell, hold or buy more?
India’s startup and business ecosystem saw notable developments on 24th October 2025, with multiple funding rounds and key corporate announcements. From sports infrastructure and trade finance to enterprise AI and urban water solutions, startups continue to attract significant investments. In parallel, prominent business leaders and organizations, including Deepinder Goyal
Tech giants and startups are filling the void left by Meta's announcement that it will lay off 600 workers from its AI business. Among them is Sudarshan Kamath, an Indian entrepreneur and the creator of Smallest AI. The US-based businessman said on X that his organisation will appoint
Michezo Sports, an early leader in India’s sports infrastructure sector, today announced the close of a pre-Series A investment round of approximately $2.5 million, led by Centre Court Capital, a VC fund focused on Sports and Gaming. Rainmatter, the investment arm of Zerodha, also participated in the round.
The Chief Minister's Office (CMO) announced on 23 October that mining behemoth Vedanta Group plans to invest an additional INR 1 trillion in Odisha, generating over 100,000 direct and indirect job opportunities. The group has already made comparable investments in the state through a number of projects.
The Economic Times reported that nine gateway earth stations will be established in key Indian cities, including Mumbai, Noida, Chandigarh, Hyderabad, Kolkata, and Lucknow, by SpaceX's satellite internet service, Starlink. The opening of Starlink's satellite internet services in India will be aided by these stations. Through
In an attempt to expedite decision-making and speed efforts to restore the declining discount retailer's client base, Target said on October 23 that it is laying off roughly 1,800 corporate personnel. According to a corporate representative, the company intends to eliminate roughly 800 open positions and is
On October 23, OpenAI announced that it acquired Software Applications, Inc. and its team, making “Sky” an AI tool for Mac. Learn more.
Days before Mehli Mistry's three-year tenure is to get over, Tata Trusts has suggested re-appointing him as a lifetime trustee, according to a PTI report on 23 October. On October 28, Mistry's tenure at the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, the two
The Singapore court permitted WazirX to restart. And here's what 95% of its creditors agreed to do...
AWS has accused Meesho of an unpaid bill of INR 127.45 crore and has filed a complaint with the arbitration tribunal in New Delhi. So, how will this impact Meesho's IPO?
India’s startup and tech ecosystem witnessed significant funding activity and industry updates this week. AI solutions provider Uniphore raised USD 260 million in a Series F round led by NVIDIA, AMD, Snowflake, and Databricks, while healthy snacking company Wonderland Foods secured INR 140 crore in its maiden institutional funding
How is Jaguar Land Rover managing shutdown losses, U.S. tariffs, and still attempting to resume its operations? Learn more.
In response to US President Donald Trump's extensive immigration crackdown, Tata Technologies, an Indian provider of engineering services, announced that it will hire more locals in the US. In an effort to protect Americans from wage competition from overseas, the Trump administration intends to impose a high cost
To expedite the process of content removal by digital intermediaries, the IT ministry (MeitY) announced changes to the IT Rules, 2021 on 22 October. The new regulations, known as the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2025, establish senior-level accountability and provide detailed guidelines for
Microsoft wants its employees to have more work freedom, while Dell and Amazon have stricter 5-day work rules. Why? Learn more.
A spokeswoman confirmed to CNBC on 22 October that Meta will lay off some 600 workers in its artificial intelligence division as part of its efforts to streamline operations and cut layers. Alexandr Wang, the company's chief AI officer, who was brought on board in June as part